Miramar Capital LLC Purchases Shares of 93,962 The Williams Companies, Inc. (NYSE:WMB)

Miramar Capital LLC acquired a new position in The Williams Companies, Inc. (NYSE:WMB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 93,962 shares of the pipeline company’s stock, valued at approximately $4,289,000.

A number of other large investors have also recently made changes to their positions in the business. SouthState Corp purchased a new position in Williams Companies during the 2nd quarter valued at $31,000. GHP Investment Advisors Inc. bought a new stake in shares of Williams Companies during the 2nd quarter valued at about $34,000. Rosenberg Matthew Hamilton increased its position in shares of Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares during the period. Quarry LP purchased a new stake in Williams Companies in the second quarter worth about $35,000. Finally, Kimelman & Baird LLC bought a new stake in Williams Companies during the 2nd quarter valued at approximately $42,000. 86.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Scotiabank lifted their price target on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Citigroup boosted their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $52.00 to $58.00 in a report on Friday, October 4th. Truist Financial lifted their price objective on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Mizuho increased their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Williams Companies has an average rating of “Hold” and a consensus target price of $51.54.

Williams Companies Trading Up 1.7 %

Shares of WMB stock opened at $56.55 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $57.33. The stock has a market capitalization of $68.94 billion, a P/E ratio of 23.86, a P/E/G ratio of 5.73 and a beta of 1.03. The firm’s 50 day moving average is $49.94 and its 200 day moving average is $44.93.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Research analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Friday, December 13th. Williams Companies’s payout ratio is currently 80.17%.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.